Elon Musk is under a federal investigation related to his $44 billion takeover deal for Twitter, the social media company said in a court filing made public on Thursday.
Twitter said it requested that Musk’s attorneys produce their communications with federal authorities months ago but that they had not done so, and asked a Delaware judge to order the attorneys to offer the documents.
In late September, Musk’s attorneys provided a “privilege log” identifying documents to be withheld from discovery. The log referenced drafts of a May 13 email to the Securities and Exchange Commission and a slide presentation to the Federal Trade Commission, Twitter said.
An attorney for Musk didn’t immediately reply to a request for comment.
The court request was filed on Oct. 6, the identical day the court granted a stay of litigation to permit Twitter and Musk to shut the takeover deal.
The SEC has questioned Musk’s comments concerning the Twitter acquisition. In April, the SEC asked Musk whether the disclosure of his 9% Twitter stake was late and why it indicated that he intended to be a passive shareholder. Musk later refiled the disclosure to point he was an lively investor.
In June, the SEC asked Musk in a letter whether he must have amended his public filing to reflect his intention to suspend or abandon the deal.
Elon Musk is under a federal investigation related to his $44 billion takeover deal for Twitter, the social media company said in a court filing made public on Thursday.
Twitter said it requested that Musk’s attorneys produce their communications with federal authorities months ago but that they had not done so, and asked a Delaware judge to order the attorneys to offer the documents.
In late September, Musk’s attorneys provided a “privilege log” identifying documents to be withheld from discovery. The log referenced drafts of a May 13 email to the Securities and Exchange Commission and a slide presentation to the Federal Trade Commission, Twitter said.
An attorney for Musk didn’t immediately reply to a request for comment.
The court request was filed on Oct. 6, the identical day the court granted a stay of litigation to permit Twitter and Musk to shut the takeover deal.
The SEC has questioned Musk’s comments concerning the Twitter acquisition. In April, the SEC asked Musk whether the disclosure of his 9% Twitter stake was late and why it indicated that he intended to be a passive shareholder. Musk later refiled the disclosure to point he was an lively investor.
In June, the SEC asked Musk in a letter whether he must have amended his public filing to reflect his intention to suspend or abandon the deal.
